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Hello there, welcome to the Community, @BFHS Booster. I'll lead you through the proper way in handling your fund transfer from one class to another in QuickBooks Desktop (QBDT).
You're already on the right track in transferring your funds from one class to another. Yes, I agree with you that creating a journal entry is the only way to see the money removed from one class balance and added to the other. However, I would encourage you to consult with your accountant to further guide you on the appropriate way to do this. This will ensure your financial data are accurate and updated.
Then, whenever you're ready to record your journal entry, kindly follow these steps:
- Go to the Company menu.
- Select Make General Journal Entries.
- Fill out the fields to create your journal entry. Make sure your debits equal your credits when you’re done.
- Select Save or Save & Close.
To manage your journal entries in QBDT, please refer to this article for the complete guide: Create a journal entry in QuickBooks Desktop for Windows or Mac.
Also, I would encourage you to reconcile your accounts every month. This is to make sure they match your real-life bank statements and detect any possible errors accordingly. For the step-by-step guide, please check out this article: Reconcile an account in QuickBooks Desktop.
Keep me posted in the comments if there's anything else you need or concerns about classes and managing transactions in QBDT. I'm always ready to help. Take care, and I wish you continued success, @BFHS Booster.
